King Salman bin Abdulaziz Al Saud of Saudi Arabia said his country is ready to support Ethiopia's ongoing development projects.
During his discussion with Prime Minister Hailemariam Dessalgen in Riyadh, he stated that the countries will work jointly to consolidate their development cooperation.
King Salman pointed out that the historic relation of the two countries has in recent years grown into comprehensive cooperation.
To further improve the economic ties of the countries, Saudi Arabia will send delegation of investors to Ethiopia soon, King Salman revealed.
Prime Minister Hailemariam Dessalgen said on his part that Ethiopia wants to be the destination of investors of Saudi Arabia which is one of the countries with strong economic power.
The premier pointed out that there is also favorable investment environment and policy preparedness to accommodate Saudi investors in the country.